Summary by Futu AI
Zijin Mining Group Co., Ltd. announced that it has completed the issuance of secured convertible bonds with a total amount of US$2 billion and an interest rate of 1.0% on June 25, 2024. The bonds will mature in 2029. The net proceeds from the issue of the bonds are approximately US$197.9 million and will be used for the refinancing of the Group's offshore debt. The bonds are expected to be listed on the Hong Kong Stock Exchange on June 26, 2024. In addition, the Company has also completed the issuance of new H shares pursuant to a general mandate, with a total of 251,900,000 shares allocated at a price of HK$15.50 per share. After the allocation, the total number of issued shares of the Company will increase to 26,577,888,940 shares. After the allocation, Minxi Xinghang State-owned Asset Investment and Management Co., Ltd. will remain the Company's major shareholder, with a shareholding ratio of 22.89%.